Six Suitability Issues
LTC Insurance isn’t right for everybody. Suitability refers to the process of determining whether it makes good financial sense for someone to buy long-term care insurance.
All states require insurance companies and agents to make a reasonable effort to determine the appropriateness of a recommended sale or replacement. Some states require that agents use a state-specific Personal Worksheet or to provide state-specific educational information to all clients before accepting an application. [Read more…] about Secrets of LTC Insurance Plan Design – Part 2 of 5 Who Needs LTC Insurance? (Suitability}